The level of commercial/multifamily mortgage debt outstanding increased by $60.7 billion (1.5 percent) in the second quarter of 2021, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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In 2020, 2,140 different multifamily lenders provided a total of $359.7 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
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Commercial and multifamily mortgage loan originations decreased 14 percent in the first quarter of 2021 compared to the same period last year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. In line with seasonality trends, originations during the first three months of the year were 37 percent lower than the fourth quarter of 2020.
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